Another December report and another dividend income record set! This report is coming a little late as we had a family health scare and my thoughts have been consumed with more important things than money. We received a good report and the threat has somewhat abated for the time being. Thank God!
December Dividend Income
One of the beautiful things about being a dividend growth investor is that you can take a few weeks from watching your investments without having to fear the sky is falling. I know my dividend stocks are still working hard for me and producing cash without any involvement from yours truly. Before writing this report, I hadn’t glanced at my holdings for a few weeks while I was busy with more important things. I do love dividend stocks.
Anyway, let’s get to it.
This month I received $1,086.74 in dividend income! On average, I was paid $24.15 from 45 different companies (really, 43 companies and 2 preferred shares funds)!! This month’s dividend income is a whopping 134.15% increase over December 2106. However, to put it into a much more modest perspective, it’s only a 5.73% increase compared to September 2017, my last big pay month.
This is clearly some fantastic growth compared to last December!!
Dividend Income - December 2017
Date Company Ticker Dividend Income 12/1/2017 Costco Wholesale Corporation COST 19.50 12/1/2017 Starbucks Corporation SBUX 24.00 12/1/2017 Ford Motor Company F 49.42 12/1/2017 J M Smucker Co SJM 15.60 12/1/2017 Phillips 66 PSX 38.50 12/1/2017 W W Grainger Inc GWW 38.40 12/1/2017 Kroger Co KR 25.63 12/1/2017 Pfizer Inc. PFE 34.88 12/5/2017 Visa Inc V 5.66 12/6/2017 Southern Co SO 29.00 12/7/2017 Discover Financial Services DFS 10.50 12/8/2017 Honeywell International Inc. HON 20.12 12/11/2017 International Business Machines Corp. IBM 67.50 12/11/2017 Target Corporation TGT 40.30 12/11/2017 Exxon Mobil Corporation XOM 78.41 12/11/2017 Chevron Corporation CVX 54.00 12/14/2017 Home Depot Inc HD 80.10 12/15/2017 QUALCOMM, Inc. QCOM 26.79 12/15/2017 HSBC Holdings plc HSEB 15.00 12/15/2017 Stag Industrial Inc STAG 4.70 12/15/2017 Kellogg Company K 21.60 12/29/2017 Travelers Companies Inc TRV 10.80 12/15/2017 Realty Income Corp O 42.83 12/14/2017 Microsoft Corporation MSFT 27.36 12/15/2017 McDonald's Corporation MCD 19.94 12/1/2017 Boeing Co BA 43.71 12/1/2017 Wells Fargo & Co WFC 23.82 12/12/2017 3M Co MMM 22.95 12/15/2017 The Coca-Cola Co KO 30.08 12/12/2017 Johnson & Johnson JNJ 22.64 12/18/2017 Duke Energy Corp DUK 33.70 12/18/2017 VF Corp VFC 9.40 12/28/2017 Union Pacific Corporation UNP 23.23 12/1/2017 PowerShares Preferred Portfolio(ETF) PGX 2.84 12/1/2017 Cummins Inc. CMI 12.96 12/1/2017 Intel Corporation INTC 3.27 12/4/2017 Invesco Ltd. IVZ 7.83 12/10/2017 United Technologies Corporation UTX 2.80 12/11/2017 Emerson Electric Co. EMR 3.88 12/12/2017 UnitedHealth Group Inc UNH 3.75 12/13/2017 Unilever plc (ADR) UL 10.96 12/15/2017 Hershey Co HSY 7.87 12/15/2017 Main Street Capital Corporation MAIN 6.98 12/15/2017 Weyerhaeuser Co WY 3.84 12/28/2017 T. Rowe Price Group Inc TROW 9.69
Here is a chart of my passive dividend income progress over the last 3 years.
The dividend portfolio has been updated.
2017 Dividend Income Wrap-up
This has been a remarkable year and my dividend income has seen some pretty impressive growth! The key to this year’s success was my 401k changing to a program that allowed me to make my own investments. This allowed me to really ramp up my dividend stock purchases.
This year I received a total of $5,758.37 in dividend income! This is a gigantic increase of 105.3% over 2016 total income of $2,804.02. I remarkably doubled my 2016 total dividend income this year! Not a small feat.
However, I do want to be clear, this was only made possible because I was able to invest a little over $185,000 this year. The yearly dividend income total was not raised because I made some magical investments. It’s because I added A LOT of capital this year.
Net Worth Report
I joined a new club this month. It’s taken a while, but they finally let me in 😉
Let’s do the numbers…
I’m finally beginning to bring my cash reserves back up after a few months of decline. We’ll need this cash as we’ll have some new doctor bills coming up. I can see why people make such a big deal about healthcare, it’s crazy expensive. I’m thankful that I have the cash available to spend on doctor and hospital bills and don’t have to stress about how to pay medical costs. That extra level of financial stress would be very tough to manage during difficult health times.
After some slightly rocky negotiations, rental property #1 will be sold in January. The sale proceeds will show in the January report and rental property #2 will become our only investment property.
Rental property #1 was netting us roughly $450 a month while it was rented. It’s sad to see it go, but the proceeds will be used to clear our primary home mortgage. The great news is that eliminating our mortgage will free up almost two thousand dollars a month that we can use to invest! That’s a trade I’m happy to make.
It has been a heck of a month and year. Dividend income is really starting to roll in now and I have crossed the one million net worth threshold.
I’m extremely grateful for the successes I’ve had in 2017. But more importantly, I’m happy for my family’s health and happiness. Without those things, money adds very little joy. My ultimate goal is to retire early and live off the cash flow generated from my dividend portfolio and rental propertie(s). However, that goal means nothing without having my family with me to share in that accomplishment.
I’ll continue to work hard this year and find the best dividend stocks I can. However, good values are becoming increasingly hard to find while this big bull market continues to roar. I hope we’ll see a solid correction soon so we can all find some decent values and put our cash to work.
How did you do this month? Did you also set a new monthly dividend income record?